The Endeavor mine, is an underground silver and base metal operation, and associated mill facility, located in north-central New South Wales, Australia, about 447 miles (720 kilometers) from Sydney. The ore reserves at Endeavor are covered by five consolidated mining leases issued by the state of New South Wales to Cobar Operations Pty. Limited (“Cobar”), a wholly-owned subsidiary of CBH Resources Ltd. (“CBH”), which in turn is a wholly owned subsidiary of Toho Zinc Co. Ltd., a company listed on the Tokyo Stock Exchange. The leases form a contiguous block of 10,121 acres in size and expire between 2019 and 2027.
Access to the mine is by paved roads 30 miles (18 kilometers) to the northwest from the community of Cobar. Power to the mine and processing facilities is provided by the grid servicing the local communities. In May 2005, CDE Australia Pty. Ltd., a wholly-owned subsidiary of Coeur, acquired silver production and reserves contained at the Endeavor mine for $44.0 million. Under the terms of the agreement, as modified in 2006, CDE Australia owns all silver production and reserves up to a total of 20.0 million ounces.